Home equity loans make a comeback

Many lenders tighten standards after financial meltdown, however

1:13 AM,
Sep. 2, 2013

Written by

Susan Tompor
| USA Today

The comeback in home values isn't simply a feel-good number that can make people feel a little wealthier. The gradual rebound in home equity is opening the door once again to a way to borrow money for college, pay off credit card debt and, yes, even remodel a kitchen.

But if you're looking to borrow against the house, be prepared for a few more chores to qualify for that loan after the great financial meltdown.

As home prices stabilize or climb, lenders are more willing to lend and borrowers feel more secure about tapping into their equity, too. ...